When someone you follow online talks about investment opportunities, it feels trustworthy. After all, they look successful, share their lifestyle, and appear reliable. That’s exactly how the Vishnu Forex Scam trapped several families in Chennai.
A promise of “safe forex trading” with 4% monthly returns turned into a nightmare, leaving victims without their money and with little clarity on recovery.
Vishnu Forex Scam Exposed
The Vishnu Forex Scam wasn’t just about money—it was about trust.
Vishnu, along with his wife Asmitha (a popular makeup artist with a strong social following), his mother Anandi, and sister Srividya, promoted a company called Connoisseur Investment Limited.
The promise was simple but powerful: invest your savings and earn guaranteed monthly profits from forex trading.
On paper, it looked safe and professional. To make the deal sound even better, they highlighted consistent returns of around 4% per month, a figure high enough to excite investors, yet not so high that it immediately raised doubts.
At first, the plan worked exactly as promised. Early investors received their payouts on time. This small but smart move built trust.
People felt reassured, invested larger amounts, and even recommended the scheme to friends and family. It’s a common trick in fraud, use early “success stories” to create the illusion of credibility.
But by December 2023, the mask slipped. Payments stopped without explanation. Security cheques given to investors bounced, leaving families in shock. Phone calls and messages went unanswered.
How Vishnu Forex Scam was Operated?
Forex trading in India often confuses people—so let’s clear the air. Yes, it’s legal, but only if you follow the rules. You can trade currency pairs that involve the Indian Rupee (like USD/INR, EUR/INR, GBP/INR, JPY/INR), and that too only through SEBI and RBI–regulated brokers.
The catch? Anything outside this setup—international platforms, unregistered apps, or flashy schemes promising “guaranteed profits”—is illegal. That’s exactly the loophole scams like the Vishnu Forex case exploit, tricking people into believing they’re investing safely when they’re not.
On June 30, 2025, the Chennai Central Crime Branch (CCB) filed a case against Vishnu, his wife Asmitha, mother Anandi, and sister Srividya. The charges included cheating, financial misrepresentation, and forex fraud. Vishnu was even remanded to three days in custody in July 2025.
As of September 2025, there are no clear updates—whether they’re out on bail or still under investigation remains uncertain. Social media is buzzing, victims are still waiting, and justice feels far away.
Vishnu Forex Scam: Real Users’ Experience
The Vishnu Forex Scam tore through lives, not just bank accounts. Here’s how it unfolded for some victims:
The Thanjavur Family
What felt safe as a bank turned into financial ruin. Early payouts built confidence, but soon everything stopped. The family’s savings—₹1.62 crore—were gone, erasing decades of hard work.
The Chennai IT Professional
A young software engineer thought he had found a shortcut to wealth. Early returns boosted his faith, but soon withdrawals were blocked. He lost ₹15 lakh—his entire savings, gone in silence.
The Coimbatore Homemaker
She wasn’t chasing profits. She was saving for her daughter’s education. Influenced by Asmitha’s public profile, she trusted the scheme. The result—her daughter’s future fund disappeared, leaving her with nothing but regret.
Across all stories, the pattern was the same: small payouts built trust, bigger investments followed, then came silence, bounced cheques, and even threats when refunds were demanded. What remained was betrayal, stress, and shattered confidence.
Forex Trading Complaints
Many investors lost their money in the Vishnu forex scam and complained about withdrawal and other issues.
Well, such scams are still active in India; the name might differ, but the objective is the same: to steal your money.
It is therefore important to take quick action and file a complaint. Delays make recovery harder and give scammers more time to escape.
Here are the official ways you can report and start your complaint:
- Keep all the records, screenshots, saved chats, bank transfer slips, and cheques related to the scam. You will need to attach it to the complaint.
- File a complaint on the National Cyber Crime Portal
- Register an FIR at your local police station with all the proofs.
- File a complaint with SEBI by sending an email with all the evidence.
Need help?
If you have been scammed in such scams, then register with us now. We will guide you through the process of raising the concern and help you with the recovery process.
Take a quick action now and protect your mental peace.
Conclusion
The Vishnu Forex Scam shows how even familiar faces can misuse trust to cheat people. While legal action is underway, justice is still pending.
If you’ve been scammed, don’t stay silent. Report the fraud, seek help, and take timely steps. We can help you understand where to file, how to report, and how to move towards recovery.
